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Collective bargaining in the mining industry: lower amounts of termination bonuses and limited number of strikes in the 2019-2020 period
Collective bargaining processes in mining: conflict resolution bonus amounts drop, and a reduced number of strikes are seen in the 2019-2020 period.
Because of the pandemic, last year there was an upsurge of participation in early collective bargaining processes and a reduction of formal bargaining processes, in comparison to 2019. The scenario is anticipated to be more complex during this period.
A drop in the conflict resolution bonus amounts and a reduced number of strikes -three in 2019 and two in 2020- are some of the conclusions of the study, “Collective Bargaining Processes in the Mining Industry,” developed by the consultant Vantaz Group.
In this edition, collective bargaining processes in 2020 were reviewed to analyse the processes, compare these with previous years, and assess how these were resolved. This was based on the data available in open source, online consultations, and personal communication from the LR and HR areas of mining companies, in some cases. The study also looked at several process that were undertaken this year but in anticipation.
Juan Cariamo, Co-CEO and partner of Vantaz Group, says: “With this new version of the study, we aim to contribute to a highly relevant issue for the industry, its people, and the country. I think that the conclusions gathered can be particularly useful, especially given the full calendar of collective bargaining processes we have ahead of us. In 2020, the mining companies showed that despite the major impact of the pandemic, they were able to keep operating; therefore, this is no longer an uncertainty. Added to the high price of copper, this makes it possible to anticipate a more complex scenario for 2021.”
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